Guess Which Company Won the "Most Transparent" Company Award?

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An honorable member of the Coffee Shop Has Just Posted the Following:

SPH AWARDED “MOST TRANSPARENT” COMPANY AWARD BY SIAS

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1 Nov 2014 - 2:54pm








Singapore Press Holdings (SPH) has been awarded the Most Transparent Company Award at this year’s SIAS Investors’ Choice Awards.

At a ceremony at Marina Bay Sands Expo and Convention Centre on Friday, SPH was recognised for the third consecutive year as the top of the Services category.
Before that, SPH also won the same award 8 times in the non-electronics Manufacturing category.

The CEO of SPH, Mr Alan Chan, explained that the award was a “testament to the rigorous standards of corporate governance and transparency that we uphold throughout the years. This is made possible with the guidance of our board and the strong support from our management and staff.”

Three journalists from SPH were also awarded for their editorial excellence.

The award of Financial Journalist of the Year went to Ms Michelle Quah who is the Senior Correspondent for The Business Times.

The Most Promising Journalist of the Year went to Ms Lee Meixian who is a journalist with The Business Times.

Mr Goh Eng Yeow was also recognised with the Best Commentary Award in his role as a Senior Correspondent at The Straits Times.

All three are journalists who concentrate on corporate governance or financial issues which also reflects the Award to SPH on good corporate governance and transparency.






While SPH might have good transparency in terms of its finances and business aspects making it a good company for investors to back, this award does not reflect in anyway the company’s impartiality or balance in journalism.

For financial reporters, their journalists may be getting awards but there doesn’t seem to be any awards being given to SPH’s political journalists.

Reporters without Borders had ranked Singapore as 150th in press freedom and on many political issues the bias in the media is very obvious.
There is also very little transparency on how the government has influence over SPH.

Despite this, it seems that SPH is able to thrive as a business thanks to the near monopoly that they hold over the print media and the fact that the government prevents others from starting new competitive newspaper companies.

What do you think of SPH getting the “most transparent” award?


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